Express Scripts 2014 Annual Report Download - page 36
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Please find page 36 of the 2014 Express Scripts annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Express Scripts 2014 Annual Report
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(“ARVCO”).OnNovember19,2014,theCompanyreceivedanothersubpoenarequestingadditionalinformation
relatingtoMedco’sinternalinvestigationofitsbusinessdealingswithARVCOandcertainotherrelatedmatters.The
Companyintendstocooperatewiththeinquiryandisnotabletopredictwithcertaintythetimingoroutcomeofthis
matter.
InvestigationsunderthefederalandmoststateFalseClaimsActsmaybeinitiatedbytheapplicablegovernment
investigativebodyorbyaquitamrelator’sfilingofaFalseClaimsActcomplaintundercourtseal.Ifaquitamrelator’s
complaintremainedunderseal,applicablelawwouldrestrictourabilitytodisclosesuchafact.
Inadditiontotheforegoingmatters,intheordinarycourseofourbusiness,therehavearisenvariouslegal
proceedings,investigationsorclaimsnowpendingagainstusoroursubsidiaries.Theeffectoftheseactionsonfuturefinancial
resultsisnotsubjecttoreasonableestimationbecausetheproceedingsareinearlystagesand/orconsiderableuncertaintyexists
abouttheoutcomes.Whereinsurancecoverageisnotavailableforsuchclaims,orinourjudgment,isnotcost-effective,we
maintainself-insuranceaccrualstoreduceourexposuretofuturelegalcosts,settlementsandjudgmentsrelatedtouninsured
claims.Ourself-insuredaccrualsarebaseduponestimatesoftheaggregateliabilityforthecostsofuninsuredclaimsincurred
andtheretainedportionofinsuredclaimsusingcertainactuarialassumptionsfollowedintheinsuranceindustryandour
experience.Itisnotpossibletopredictwithcertaintytheoutcomeoftheseclaims,andwecangivenoassurancethatanylosses
inexcessofourinsuranceandanyself-insuranceaccrualswillnotbematerial.
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Item 4 — Mine Safety Disclosures
Notapplicable.